GATX Co. (GATX) Rating Lowered to Hold at TheStreet

GATX Co. (NASDAQ:GATX) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, Stifel Nicolaus reaffirmed a “hold” rating on shares of GATX in a report on Thursday, August 25th.

GATX (NASDAQ:GATX) traded up 0.69% during mid-day trading on Wednesday, hitting $43.58. 268,905 shares of the stock traded hands. GATX has a 12-month low of $33.53 and a 12-month high of $52.02. The company has a 50 day moving average of $43.12 and a 200-day moving average of $45.16. The stock has a market cap of $1.76 billion and a PE ratio of 8.07.

GATX (NASDAQ:GATX) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.26. The business earned $358.90 million during the quarter, compared to analysts’ expectations of $364.73 million. Equities research analysts forecast that GATX will post $5.60 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.60 annualized dividend and a yield of 3.67%.

In related news, VP William M. Muckian sold 1,166 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $44.01, for a total value of $51,315.66. Following the sale, the vice president now owns 14,645 shares of the company’s stock, valued at $644,526.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

GATX Company Profile

GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services.

5 Day Chart for NASDAQ:GATX

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